Retirement plan

HR1 SERVICES 401(K) SAVINGS PLAN

Name: HR ONE SERVICES, INC. - HR1 SERVICES 401(K) SAVINGS PLAN (2023) Form 5500
Creator: HR ONE SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HR1 SERVICES 401(K) SAVINGS PLAN, HR ONE SERVICES, INC.

HR ONE SERVICES, INC.EIN 58-2055210Plan #333PY 2023

2030 POWERS FERRY ROAD, SUITE 120 - ATLANTA, GA 30339770-541-7823

Prospect flagsHigh retiree %Low participation

How to read this page

Total assets (EOY)

$7.1M

+12.3% from 2022

Total participants

169

-2.9% from 2022

Average account balance

$74,588

+19.4% from 2022

Annual return

16.62%

+35.06 pp from 2022

Benchmarks

See 1,361 peers

Peer group

Industry56 - Administrative and Support and Waste Management and Remediation Services

Plan typeDefined contribution

Participants100-249

Cohort1,361 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$7.86M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$85K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

78.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$446K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.33%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$6667

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
NATIONWIDE9+ years Service code 15 · EIN 31-4156830 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$73,254
THE BENEFIT ADVANTAGE, INC.9+ years Service code 15 3497 AUBURN ROAD · AUBURN HILLS, MI 48326	Recordkeeping	$19,174
MAULDIN & JENKINS9+ years Filed as: MAULDIN & JENKINS CPA, LLC Service code 10 200 GALLERIA PARKWAY SE, STE 1700 · ATLANTA, GA 30339	Accounting	$15,250
IRON-CO-FID-COMPREHENSIVE4 years Service code 27 630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062	Advisory (Plan)	$4,544

Plan features & details

Pension benefit codes2A2E2F2G2J2K

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: MAULDIN & JENKINS, LLC
Auditor EIN: 580692043
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$74,588

$41,150+81.3%

$80,627-7.5%

$71,511+4.3%

Participation rate

39.8%

50.3%-10.4pp

67.0%-27.2pp

67.9%-28.1pp

Annual return

16.62%

38.48%-21.9pp

936.76%-920.1pp

28.86%-12.2pp

Employer contribution / active EE

$1,208

$1,515-20.3%

$2,723-55.6%

$2,589-53.4%

Participant deferral / active EE

$2,474

$2,701-8.4%

$4,443-44.3%

$4,291-42.3%

Admin fee / account holder

$1,841-100.0%

$5,381-100.0%

$1,588-100.0%

Provider

Service type

Compensation

NATIONWIDE9+ years

Service code 15 · EIN 31-4156830

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$73,254

THE BENEFIT ADVANTAGE, INC.9+ years

Service code 15

3497 AUBURN ROAD · AUBURN HILLS, MI 48326

Recordkeeping

$19,174

MAULDIN & JENKINS9+ years

Filed as: MAULDIN & JENKINS CPA, LLC

Service code 10

200 GALLERIA PARKWAY SE, STE 1700 · ATLANTA, GA 30339

Accounting

$15,250

IRON-CO-FID-COMPREHENSIVE4 years

Service code 27

630 DUNDEE RD STE 200 · NORTHBROOK, IL 60062

Advisory (Plan)

$4,544

HR1 SERVICES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

HR1 SERVICES 401(K) SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion